SVN Chicago Commercial Brokers $2.4M Sale Of Tower Station Center In West Chicago

SVN Chicago Commercial has brokered the $2.4 million sale of Tower Station Center in West Chicago, a retail center with 11 units and Aldi as the shadow anchor. The property, located at 956 North Neltnor Boulevard, is 73% occupied. The sale completed a 1031 exchange for the undisclosed seller and involved six months of negotiations with an out-of-state buyer.

Summary of transaction details:

• Property Type: Retail
• Sale Price: $2,400,000
• Units: 11
• Price Per Unit: $218,182
• Address: 956 North Neltnor Boulevard, West Chicago
• Market: West Chicago
• Brokers: Karen Kulczycki (SVN Chicago Commercial) & Ron Weissenhofer (SVN Chicago Commercial)

The sale of Tower Station Center was facilitated by Karen Kulczycki and Ron Weissenhofer of SVN Chicago Commercial. Their expertise and negotiation skills played a crucial role in completing this transaction. The involvement of an out-of-state buyer indicates the strong market appeal of the retail center in West Chicago.